AG Thorson
Technical Analysis Expert & Editor @ GoldPredict.com
AG Thorson is a registered CMT through the MTA and an recognized expert in technical analysis of the precious metals markets. He is also the Editor of GoldPredict.com where members receive daily updates and regularly scheduled reports 3-days a week. He prides himself on making his analysis easy to understand through the use of adaptive and creative charting methods. You can reach AG at [email protected].
AG Thorson Articles
The ECB cut rates by .25% Thursday, trimming growth expectations for 2024 and beyond. Gold futures exploded through resistance near $2,560, confirming a breakout with a medium-term price target near $2,800.
The gold cycle bottomed in our June target window and the breakout towards $2800 is underway. Our analysis supports a seasonal peak by September, followed by a potentially sharp retracement into year-end.
Gold, silver, and platinum closed above the prior week's highs, and I see the potential for cycle lows. Miners gapped through their respective 50-day EMAs on Thursday, and one more strong up-day would establish a bottom.
Metals and Miners are in the timing window for cycle lows and prices may be very close to bottoming. Gold needs to close above Wednesday’s $2358 high to reverse the post-Fed breakdown and support an immediate bottom.
Metals and miners are dropping into June intermediate lows, and our work supports a bottom next week. Once gold bases, we expect a powerful rally that could push prices toward $2800 by mid-August.
After years of going nowhere, gold launched into the next stage of its bull market. While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run. Gold and silver...
Metals and miners are taking a breather after explosive gains. More upside is expected before the next cycle low, which is due in June. Last Friday’s price action was wild, with gold swinging $100 and silver $2.00 in a 4-hour window. As...
We are entering the recognition phase of the gold bull market where pullbacks become brief and infrequent. Many investors will be left behind. Silver is gaining traction, and prices could explode to the upside if they manage to push...
Gold is in the beginning stages of a new bull market that should last into the 2030s. The last breakout of this magnitude was in 2005, which triggered a 6-year bull run. By 2030, we see gold hitting our longer-term price target between $...
The Federal Reserve plans to scale back Quantitative Tightening, currently set at $95 billion monthly, sparking a surge in the price of gold.
